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Black Monday in gold and silver after the budget, silver closes to ₹ 2.65 lakh, gold also falls by ₹ 10,000: – ..

Samira Vishwas | February 3, 2026 9:24 AM CST

News India Live, Digital Desk: Today, due to large-scale profit booking by investors and the strengthening of the dollar, the prices of precious metals have recorded the biggest fall in a decade. On MCX, silver has fallen to around ₹30,000 to ₹40,000 per kg.

Today’s Gold Rates (24K, 22K & 18K)

The average prices of gold (per 10 grams) in major cities of India are as follows:

Purity (Carat)	Today’s price (₹/10g)	Yesterday’s price (₹/10g)	Decline (₹)
24 carat (pure gold)	₹1,51,530	₹1,60,580	-₹9,050
22 carat (jewelry gold)	₹1,38,900	₹1,47,200	-₹8,300
18 carat (low purity)	₹1,13,650	₹1,20,440	-₹6,790

‘Great fall’ in silver prices

Silver prices have surprised investors the most today.

MCX Quote: Silver prices fell on Monday ₹2,65,000 to ₹2,92,000 per kg Came between.

Total decline: Silver prices in last three days More than ₹1.75 lakh There has been a shortage.

City prices: Silver today in Delhi and Mumbai is approx. ₹2,65,560 to ₹2,66,000 per kg Is trading around.

3 main reasons for falling prices

Impact of Budget 2026: After the budget announcements, there was uncertainty among investors and a race for profit booking.

Strong US Dollar: Due to the strengthening of the dollar globally, the demand for gold and silver in the international market (COMEX) has reduced.

Change in Margin: Small investors started trimming their positions as commodity exchanges increased margin money.

24K gold prices (per 10 grams) in major cities

Delhi: ₹1,51,680

Mumbai: ₹1,51,530

Chennai: ₹1,52,180

Kolkata: ₹1,51,530

Lucknow: ₹1,51,680

Note: The above rates do not include GST and making charges. Contact your nearest jeweler for exact prices.